人民财讯9月17日电，栖霞建设（600533）9月17日晚间公告，公司持股8.818%的股东南京高科 （600064）拟减持首发前取得的股份、发行上市后以非公开发行、利润分配方式取得的股份合计不超过 3150万股(不超过公司总股本的3%)。 ...

Core Viewpoint - The Hong Kong High Court's decision to appoint liquidators to take control of Xu Jiayin's assets marks a significant development in the ongoing debt crisis of China Evergrande Group, with a global asset injunction issued against assets valued at up to $7.7 billion [1][3]. Group 1: Legal Proceedings and Asset Management - The High Court's ruling allows liquidators to manage Xu Jiayin's assets following an application by China Evergrande, which revealed potential asset misappropriation and high dividend payouts from 2017 to 2020, estimated at around $6 billion [2]. - The court appointed Wilkinson & Grist's lawyer Keith Ho as a supervising attorney to oversee the asset management process and address potential conflicts of interest [2][3]. - Xu Jiayin is required to disclose all assets valued over HKD 50,000, with previous non-compliance leading to a contempt of court ruling [3]. Group 2: Implications for Stakeholders - The asset takeover and global injunction are seen as protective measures for creditors, potentially preventing further asset depletion and enhancing the prospects for debt recovery [4]. - The case sets a legal precedent regarding shareholder responsibilities, indicating that actual controllers may be held liable for actions that harm creditor interests, challenging the traditional limited liability framework [4]. - The asset management process is currently in preparation, with liquidators and the supervising attorney tasked with verifying and managing the assets as per court directives [4].

Core Viewpoint - The completion of the major asset restructuring by China Communications Construction Company (CCCC) marks a significant shift towards a "light asset" model, aiming to transform the company’s strategic focus and operational structure in the real estate sector [1][2]. Strategic Restructuring - CCCC's real estate subsidiary, China Communications Real Estate Co., Ltd. (CCCC Real Estate), has divested its heavy asset development business for a symbolic price of 1 yuan, indicating a strategic resource reallocation and risk isolation [2]. - This restructuring allows CCCC Real Estate to focus on lighter business operations such as property management and commercial operations, aligning with the trend of transitioning from "incremental development" to "stock operation" in the industry [2][8]. Financial Transformation - The restructuring has led to a dramatic reduction in the company's debt ratio from 89.75% to 40.17%, significantly enhancing financial safety and creating room for future financing activities [3]. - The transfer of 5 bonds totaling 3.8 billion yuan from CCCC Real Estate to its parent company has alleviated the debt burden, improving cash flow for the listed company [3][4]. Profitability Improvement - Despite a decrease in revenue from 18.302 billion yuan to 1.097 billion yuan due to the divestment of development assets, the company has shifted from substantial losses to profitability, indicating a healthier profit quality [4]. - The restructuring has transitioned the company from a scale-oriented approach to an efficiency-oriented model, focusing on stable cash flows and higher profit margins [4]. Team Renewal - A significant management team overhaul has occurred alongside the asset restructuring, with the appointment of new executives experienced in light asset operations, ensuring alignment with the new strategic direction [5][6]. - The new leadership is expected to drive the company’s focus on property management and asset enhancement, reflecting a commitment to effective execution of the new strategy [5][6]. Business Focus - In the first half of 2025, CCCC Real Estate's light asset business generated approximately 625 million yuan in revenue, up from 492 million yuan year-on-year, showcasing strong growth potential [7]. - The property management segment, as a core area, achieved revenues of 485 million yuan, supported by a significant increase in managed area, indicating a robust foundation for future growth [7]. Industry Insight - CCCC Real Estate's transformation serves as a reference for the broader real estate industry, illustrating how traditional developers can successfully pivot to an operational service model through strategic asset restructuring and management overhaul [8].

9月17日，"观黄河入海住宜居东营"2025东营市房产(济南)推介会在济南市历城区海通芳华悦府营销中心成功举办。 东营市人民政府副市长梁润生，山东省住房和城乡建设厅副厅长麻鹏飞，山东省住房和城乡建设厅房地产市场监管处处长娄保来，山东省房地产业协会 秘书长井坤，东营市住房和城乡建设管理局党组书记张玉明、二级调研员贾相学等相关领导及嘉宾出席，东营市各县区、市属开发区住建部门，济南市 房地产中介与租赁行业协会、济南市东营商会，东营市房地产业协会、参展企业有关负责同志参加。 2025东营市房产(济南)推介会现场 近年来，东营始终把"住有优居"作为头等民生大事，做足"三好六提九完善"文章，用心打磨每一处生活空间，着力建设"安全舒适绿色智慧"的好房子。 以好房子、好环境、好服务为目标，全面提升居住品质。对停车位、"四件套"、层高、电梯、隔音、庭院围墙6个方面进行了提升，优化居住功能。从智 慧化、适老化、园林景观、外立面设置、垃圾分类、文娱设施配置、施工质量、物业服务、城市森林花园住宅9个方面对住房指标体系进行了完善，改善 居住环境。 山东省住房和城乡建设厅副厅长麻鹏飞讲话 东营市人民政府副市长梁润生宣布推介会开幕 东营市 ...

Group 1 - The core viewpoint of the news is the recent policy adjustment by the State Administration of Foreign Exchange, which relaxes restrictions on foreign investment in real estate, aiming to stimulate market demand while maintaining control over speculation [1][2][3] - The new regulations allow foreign individuals to make payments for property purchases without needing prior purchase registration, streamlining the process significantly [1] - The policy aims to optimize cross-border capital management and meet reasonable housing demands, while still adhering to the principle of "housing is for living, not for speculation" [3] Group 2 - The adjustments reflect a shift in the domestic real estate market and the need for refined macro-control measures to support stable development [2] - Core cities like Beijing and Shanghai still maintain restrictions on foreign purchases, indicating a differentiated approach to managing domestic and foreign investment [2] - The combination of relaxation and constraints in the policy demonstrates a more precise and targeted regulatory approach to stabilize the market and avoid overheating [2][3]

1. Report Industry Investment Rating No information about the report industry investment rating is provided in the given content. 2. Core View of the Report - The liquidity of medium - to long - term, medium - to high - rated bonds in both the urban investment bond and industrial bond sectors has declined. For urban investment bonds, the number of high - grade liquid bond items in medium - to long - term and medium - to high - rated categories has decreased. In the industrial bond sector, the same trend of decreasing high - grade liquid bond items in relevant categories is observed [1][2][7][17]. 3. Summary by Relevant Catalogs 3.1 Urban Investment Bonds - **Distribution of High - Grade Liquid Bond Items** - **Regional**: The number of high - grade liquid bond items in Jiangsu has increased, while those in Shandong, Sichuan, and Tianjin have decreased, and Chongqing has remained stable [1][7]. - **Term**: The number of high - grade liquid bond items within 1 year has increased, while those in the 1 - 2 year, 3 - 5 year, and over 5 - year terms have decreased, and the 2 - 3 year term has remained stable [1][7]. - **Implied Rating**: The number of high - grade liquid bond items with implied ratings of AAA and AA+ has decreased, while those with AA, AA(2), and AA - have remained stable [1][7]. - **Yield of High - Grade Liquid Bond Items** - **Regional**: The yields of high - grade liquid bond items in Jiangsu, Shandong, Sichuan, Tianjin, and Chongqing have mainly increased, with the increase ranging from 2 - 7bp [9]. - **Term**: The yields of high - grade liquid bond items within 1 year, 1 - 2 years, 2 - 3 years, and 3 - 5 years have mainly increased, with fluctuations ranging from 3.2 - 5.2bp; the yield of those over 5 years has mainly decreased, with an increase of about 3bp [9]. - **Implied Rating**: The yields of high - grade liquid bond items with implied ratings of AAA, AA+, AA, AA(2), and AA - have mainly increased, with the increase ranging from 2 - 6bp [9]. - **Top 20 Entities and Bonds with Rising and Falling Liquidity Scores** - **Rising**: The entities are mainly in the construction and decoration industries, with the entity level mainly AA, and the regions are concentrated in Jiangsu, Zhejiang, and Shandong. The bonds are mainly from Jiangsu, Sichuan, and other regions [11][13][14]. - **Falling**: The entities are mainly in the construction and decoration, comprehensive, and social service industries, with the entity level mainly AA, and the regions are mainly Zhejiang, Shandong, etc. The bonds are mainly from Zhejiang, Jiangsu, and other regions [12][15][16]. 3.2 Industrial Bonds - **Distribution of High - Grade Liquid Bond Items** - **Industry**: The number of high - grade liquid bond items in the real estate, public utilities, and transportation industries has decreased, while those in the coal and steel industries have remained stable [2][17]. - **Term**: The number of high - grade liquid bond items in the 2 - 3 year term has increased, while those in the 1 - 2 year, 3 - 5 year, and over 5 - year terms have decreased, and the number within 1 year has remained stable [2][17]. - **Implied Rating**: The number of high - grade liquid bond items with an implied rating of AA has increased, while those with AAA, AAA -, and AA+ have decreased, and those with AAA+ have remained stable [2][17]. - **Yield of High - Grade Liquid Bond Items** - **Industry**: The yields of high - grade liquid bond items in the real estate, transportation, coal, steel, and public utilities industries have mainly increased, with fluctuations ranging from 1 - 8bp [18][19]. - **Term**: The yields of high - grade liquid bond items in all terms (within 1 year, 1 - 2 years, 2 - 3 years, 3 - 5 years, and over 5 years) have mainly increased, with the increase ranging from 2 - 8bp [19]. - **Implied Rating**: The yields of high - grade liquid bond items with implied ratings of AAA+, AAA, AAA -, AA+, and AA have mainly increased, with the increase ranging from 1 - 10bp [19]. - **Top 20 Entities and Bonds with Rising and Falling Liquidity Scores** - **Rising**: The industries of the top 20 entities are mainly construction and decoration, environmental protection, and public utilities, with the entity level mainly AAA and AA+. The industries of the top 20 bonds are mainly transportation and public utilities [21][22][23]. - **Falling**: The industries of the top 20 entities are mainly construction and decoration, real estate, and transportation, with the entity level mainly AAA and AA+. The industries of the top 20 bonds are mainly transportation and construction and decoration [21][25][26].

| 序号 | 项目名称 | 总投资金额(亿元) | 募集资金拟投入金额(亿元) | 预计销售额(亿元) | 销售利润率 | | --- | --- | --- | --- | --- | --- | | 1 | 广州林屿院 | 19.58 | 4.85 | 22.42 | 11.34% | | | 深圳会展湾雍境名邸 | 31.37 | 4.1 | 34.48 | 5.65% | | w N | 北京亦序佳苑 | 45.97 | ਰੇ ਤੇਂਦ | 59.05 | 15.79% | | 4 | 北京環云推苑 | 16.33 | 3.75 | 20.47 | 13.21% | | 5 | 西安招商 桔桐书院项目 | 16.85 | 5.76 | 19.2 | 8.66% | | | 郑州时代观震苑 | 8.84 | 2.18 | 10.05 | 5.86% | | 7 | 成都招商肆城序 | 26.61 | 6.55 | 33 | 15.39% | | 8 | 上海新顾城 | 62.85 | 12.3 | 72.75 | 8.70% | | g | 上海铭庭项目 | 75.69 | 11.63 | 88.5 | ...

Group 1 - The core driving factors of the Hong Kong real estate market are interest rate fluctuations, with a downward trend in the US benchmark interest rate expected to be a certainty in the near term [1][2] - The Hong Kong real estate market has entered a new cycle driven by policy changes and structural differentiation, with a significant rebound expected following the "withdrawal of tightening" policy in February 2024 [1][2] - The total transaction volume of new and second-hand residential properties in Hong Kong is projected to reach 53,099 transactions in 2024, representing a year-on-year increase of 23.5% compared to 2023 [1] Group 2 - The recovery of the Hong Kong market is attributed to the resonance of three main factors: policy, interest rates, and demand, with a shift from suppression to full stimulation in the policy environment after February 2024 [2] - The Hong Kong Monetary Authority injected a total of HKD 129 billion into the market due to a strong Hong Kong dollar, leading to a significant drop in the 1-month HIBOR from 3.98% to 0.57% [2] - The introduction of talent recruitment plans has contributed to a year-on-year population growth in Hong Kong by June 2025, enhancing purchasing power and stabilizing the market [2] Group 3 - The current phase of the Hong Kong real estate market is characterized as an initial recovery stage, marked by a halt in price declines, a narrowing of price drops, and structural stabilization [3] - Transaction volumes have rebounded, and sentiment indicators have improved, indicating a shift in policy direction from "preventing bubbles" to "stabilizing the market" [3] - Leading indicators show a continuous decline in interest rates, increased supply, improved inventory digestion rates, and a positive impact on demand from population recovery [3]

| 买/ | 会员营业部名称 | 买入金额（万 | 卖出金额（万 | | --- | --- | --- | --- | | 卖 | | 元） | 元） | | 买一 | 机构专用 | 2921.57 | 0.00 | | 买二 | 国泰海通证券股份有限公司上海长宁区天山路证券营业 | 2699.14 | 1.21 | | | 部 | | | | 买三 | 国盛证券有限责任公司上海浦东新区世纪大道证券营业 | 2404.17 | 9.23 | | | 部 | | | | 买四 | 爱建证券有限责任公司上海浦东新区前滩大道证券营业 | 1970.15 | 0.00 | | | 部 | | | | 买五 | 中泰证券股份有限公司常州惠国路证券营业部 | 1795.38 | 2.12 | | 卖一 | 机构专用 | 1647.28 | 3297.43 | | 卖二 | 平安证券股份有限公司深圳深南大道证券营业部 | 125.02 | 2306.90 | | 卖三 | 机构专用 | 165.61 | 1292.71 | | 卖四 | 中泰证券股份有限公司深圳鹏程一路证券营业部 | 10.36 | 922.32 | 具 ...

楼市没招了，确切点来说，是临深的楼市真的没招了。 来了就是"惠州人" 这两天，临深的惠州发布了关于征求《惠州市户口迁入登记管理规定（征求意见稿）》意见的公告，拟全面放宽落户限制。 具体的变化重点是将取消多项户籍迁入门槛—— 1、取消市辖区与市辖县差别化落户条件，统一调整为持有惠州自有合法产权住宅房屋，或申请时在惠州市参保且连续居住半年以上的非户籍人员可申请 落户，其共同居住生活的配偶、未成年子女及父母可随迁。 2、取消年龄、劳动合同及参保时长限制，具有大专及以上学历、初级及以上职称、中级工及以上职业资格或职业技能等级等人才，经核准可直接申请落 户；非惠州户籍的全日制大中专院校应届毕业生毕业5年内可"先入户后就业"。 虽然惠州落户并不是什么难事，但在这之前学历、年龄、工作社保、居住时间以及是否持有房产都有一定的门槛。 比如——惠城中心区需居住满3年且就业参保满3年，其他市辖区需居住满2年且就业参保满2年，即使是人才落户的方式，也需年龄在45周岁以下，与引进 单位签订劳动合同，市辖区需参保3至6个月。 包括子女和父母的随迁，落户方面还是有一定的限制条件等。 如今统一落户未来只需要持有房产，或者毕业5年内的全日制大 ...